Can I retire at age 68 with 986,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$81,423$80,698$79,990$79,299$78,625$77,514
2 years$40,308$39,558$38,830$38,125$37,440$36,323
3 years$26,605$25,851$25,126$24,427$23,754$22,665
4 years$19,755$19,004$18,285$17,598$16,941$15,890
5 years$15,646$14,899$14,190$13,517$12,879$11,867
6 years$12,908$12,166$11,468$10,810$10,190$9,220
7 years$10,952$10,217$9,530$8,887$8,288$7,359
8 years$9,487$8,758$8,082$7,455$6,875$5,988
9 years$8,347$7,625$6,961$6,350$5,790$4,944
10 years$7,436$6,721$6,069$5,474$4,933$4,127
11 years$6,691$5,984$5,343$4,764$4,243$3,476
12 years$6,071$5,371$4,742$4,179$3,677$2,949
13 years$5,546$4,853$4,236$3,689$3,206$2,516
14 years$5,097$4,412$3,806$3,275$2,811$2,157
15 years$4,708$4,030$3,437$2,921$2,475$1,857
16 years$4,368$3,698$3,116$2,615$2,187$1,603
17 years$4,069$3,405$2,835$2,350$1,939$1,389
18 years$3,803$3,147$2,588$2,117$1,724$1,205
19 years$3,565$2,916$2,369$1,913$1,537$1,049
20 years$3,351$2,710$2,174$1,733$1,373$914
21 years$3,158$2,524$2,000$1,573$1,228$798
22 years$2,983$2,356$1,843$1,430$1,101$697
23 years$2,823$2,204$1,702$1,302$988$610
24 years$2,676$2,065$1,574$1,188$888$534
25 years$2,542$1,938$1,458$1,085$799$468
26 years$2,418$1,821$1,352$992$720$411
27 years$2,304$1,714$1,256$908$649$360
28 years$2,198$1,615$1,167$832$586$316
29 years$2,099$1,524$1,086$763$529$278
30 years$2,007$1,439$1,012$700$478$244
31 years$1,921$1,360$943$643$432$215
32 years$1,841$1,287$880$591$391$189
33 years$1,766$1,219$822$543$354$166
34 years$1,695$1,155$768$500$320$146
35 years$1,629$1,096$718$460$290$129
36 years$1,566$1,040$672$424$263$114
37 years$1,507$988$629$391$238$100
38 years$1,451$939$589$360$216$88
39 years$1,398$893$551$332$196$78
40 years$1,348$849$517$306$178$68
41 years$1,300$808$485$282$161$60
42 years$1,255$770$455$261$146$53
43 years$1,212$734$427$241$133$47
44 years$1,172$699$400$222$120$41
45 years$1,133$667$376$205$109$36
46 years$1,095$636$353$190$99$32
47 years$1,060$607$332$175$90$28
48 years$1,026$579$312$162$82$25
49 years$994$553$293$150$74$22
50 years$963$529$276$138$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $986,000, adding $2,284 every year, while hoping to spend $41,519 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 64/18/18 Blend
67$986,000$986,000$986,000$986,000
68$1,088,928$1,036,670$1,021,387$1,153,563
69$1,155,823$1,043,291$1,011,428$1,203,868
70$1,228,149$1,048,845$999,743$1,253,865
71$1,306,418$1,053,235$986,231$1,307,497
72$1,391,189$1,056,360$970,787$1,365,120
73$1,483,079$1,058,111$953,298$1,427,128
74$1,582,768$1,058,373$933,647$1,493,956
75$1,690,999$1,057,022$911,713$1,566,085
76$1,808,594$1,053,929$887,369$1,644,043
77$1,936,454$1,048,956$860,480$1,728,418
78$2,075,573$1,041,955$830,906$1,819,855
79$2,227,043$1,032,772$798,503$1,919,069
80$2,392,065$1,021,241$763,116$2,026,848
81$2,571,961$1,007,188$724,586$2,144,061
82$2,768,189$990,428$682,747$2,271,670
83$2,982,349$970,764$637,424$2,410,735
84$3,216,205$947,987$588,434$2,562,427
85$3,471,698$921,880$535,587$2,728,038
86$3,750,967$892,207$478,685$2,908,995
87$4,056,363$858,722$417,518$3,106,872
88$4,390,477$821,165$351,871$3,323,408
89$4,756,163$779,260$281,515$3,560,519
90$5,156,561$732,713$206,216$3,820,322
91$5,595,131$681,216$125,725$4,105,153
92$6,075,682$624,444$39,784$4,417,589
93$6,602,409$562,049$0$4,760,474
94$7,179,933$493,668$0$5,146,920
95$7,813,343$418,914$0$5,579,216
96$8,508,245$337,382$0$6,053,591
97$9,270,811$248,639$0$6,574,317
98$10,107,843$152,231$0$7,146,104
99$11,026,831$47,679$0$7,774,144
100$12,036,028$0$0$8,464,162